The SEC’s top accountant pushed back Wednesday against calls to reopen a decades-old debate over how to value certain long-term bank assets, saying investors currently have the tools they need to spot underwater holdings.

US accounting rulemakers on Wednesday wrapped up deliberations on a plan to force companies to break down more details about the expenses that drive their financial performance.

US accounting standard-setters want to fix a much-maligned accounting rule that has been forcing banks to “double count” loan losses when they buy or merge with another bank.

Banks and other businesses that invest in urban revitalization projects and some renewable energy programs secured simpler accounting on Wednesday for reporting how related tax credits affect their finances.

A former Perrigo Co. assistant treasurer claims he was wrongfully fired for flagging that the pharmaceutical company had underpaid interest and fees to JPMorgan Chase & Co. on a $1 billion revolving credit facility and $600 million term loan.

The European Commission’s accounting adviser said Wednesday that it would prioritize helping companies to use coming sustainability reporting standards over writing new ones.

The Financial Accounting Standards Board on Wednesday put the finishing touches to a definition of “reporting entity” to help it write consistent accounting standards.